Freehold Royalties Ltd. (TSE:FRU) Receives C$17.28 Consensus PT from Analysts

Freehold Royalties Ltd. (TSE:FRU) has been given a consensus recommendation of “Moderate Buy” by the seven brokerages that are presently covering the firm, Marketbeat reports. Three research analysts have rated the stock with a hold recommendation, three have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price objective among brokers that have covered the stock in the last year is C$17.28.

Several analysts have recently weighed in on FRU shares. BMO Capital Markets raised Freehold Royalties from a “hold” rating to a “strong-buy” rating in a report on Monday, December 16th. Raymond James raised Freehold Royalties to a “hold” rating in a report on Thursday, October 17th. CIBC set a C$16.00 target price on shares of Freehold Royalties and gave the stock a “neutral” rating in a research report on Monday, December 16th. Atb Cap Markets downgraded shares of Freehold Royalties from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 15th. Finally, Canaccord Genuity Group lowered their price objective on shares of Freehold Royalties from C$19.00 to C$18.00 in a research report on Tuesday, October 22nd.

Freehold Royalties Trading Up 1.3 %

TSE FRU opened at C$12.45 on Friday. The firm’s fifty day moving average price is C$13.75 and its 200 day moving average price is C$13.76. Freehold Royalties has a 12 month low of C$12.19 and a 12 month high of C$14.84. The company has a debt-to-equity ratio of 24.83, a current ratio of 2.05 and a quick ratio of 1.50. The company has a market capitalization of C$1.88 billion, a price-to-earnings ratio of 12.45, a price-to-earnings-growth ratio of -0.92 and a beta of 1.93.

Freehold Royalties Announces Dividend

The company also recently announced a monthly dividend, which was paid on Monday, December 16th. Stockholders of record on Friday, November 29th were issued a $0.09 dividend. This represents a $1.08 annualized dividend and a dividend yield of 8.67%. The ex-dividend date of this dividend was Friday, November 29th. Freehold Royalties’s payout ratio is 108.00%.

Freehold Royalties Company Profile

Freehold Royalties Ltd. engages in the acquiring and managing royalty interests in the crude oil, natural gas, natural gas liquids, and potash properties in Western Canada and the United States. Freehold Royalties Ltd. was founded in 1996 and is headquartered in Calgary, Canada.